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Crossword Puzzle
Crossword Puzzle

Chapter 4: Business Services

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Chapter 4: Business Services

Crossword Puzzle

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This crossword quiz contains a set of 15 questions related to the different types of services in business.

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Chapter 4: Business Services
 

Crossword Puzzle

Chapter 4: Business ServicesOnline version

This crossword quiz contains a set of 15 questions related to the different types of services in business.

by Anika
1

A device by which the loss likely to be caused by an uncertain event is spread over a number of persons who are exposed to it and who therefore prepare themselves against such an event.

2

This is a function of Insurance wherein the insurer undertakes to compensate the insured for the loss caused to him/her due to damage or destruction of property insured.

3

This principle states that it is the duty of the insured to take reasonable steps to minimise the loss or damage to the insured property.

4

The nature of business which states that services have little or no tangible components and, therefore, cannot be stored for future use.

5

An aspect of services which has become a logistical storage service provider in a cost efficient manner.

6

Under this policy, the assured sum or policy money is payable after the assured attains a certain age in monthly, quarterly, half yearly or annual instalments. This is useful for those who want a source of regular income.

7

The insurer (Insurance Company) undertakes to pay a specified sum when the insured attains a particular age or on his death, whichever is earlier.

8

This is the Latin terminology for 'a contract of utmost good faith' in most policy agreements.

9

It is one of the major ways in which Electronic Bank Transfers (EFT's) can be done.

10

It is a mobile payment application developed by the National Payments Corporation of India (NPCI) to facilitate digital transactions using the Unified Payments Interface (UPI).

11

According to this principle, an insurance policy is designed to provide compensation only for such losses as are caused by the perils which are stated in the policy.

12

It refers to the right of the insurer to stand in the place of the insured, after settlement of a claim, as far as the right of insured in respect of recovery from an alternative source is involved.

13

As per this principle, it is the right of an insurer who has paid claim under an insurance, to call upon other liable insurers to contribute for the loss of payment.

14

This is a type of Insurance Policy which is usually taken up by a husband and wife jointly, or by two partners in a partnership firm where the amount is payable to the survivor on the death of either of the two.

15

Since the ship is exposed to many dangers at sea, this kind of insurance policy is for indemnifying the insured for losses caused by damage to the ship.

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